Spencer Sherman has long
counseled his clients to build wealth by living in the present and
shedding the financial hang-ups that slow them down.
Small businesses will get a new retirement savings option in 2010-the
DB(k). Adoption is expected to be slowed, however, by the sluggish
economy and missing regulatory details.
Same-sex couples pay more to the government than their heterosexual counterparts under the federal estate tax.
Corporate compliance officers have been rolling their eyes at the
unfolding story of Terra Nova Financial LLC, the Chicago broker-dealer
fined $400,000 for making improper soft dollar payments.
The economy is getting ready to roar. In fact, the roar could blast your eardrums-at least according to two obscure economic indicators.
In the exchange-traded fund business, it's almost like old times.
Wealthy taxpayers can count on helping to pay for the health-care overhaul, no matter which version of the legislation Congress adopts in the end.
The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery.
by
Dorothy Hinchcliff
Morningstar Inc. has announced its nominees for a new award-Morningstar Fund Manager of the Decade.
Securities regulators are on the lookout for conflicts of interest that
may arise from the large recruiting packages some broker-dealers offer
the financial advisors they're wooing.
Educating brokers about the independentfinancial advisor model may be the key to growth for custodians, who safeguardclient assets for independent advisors.
by
Dorothy Hinchcliff
OppenheimerFunds Inc. has reached a $20 million settlement on a lawsuit over
heavy losses in Oregon's 529 college
savings plan.
Twitter may not be great for drumming up new business, but some financial advisors are using it to glean intelligence from other advisors.
There's something missing from the stock market's latest rally that isleaving a number of investors unconvinced--a market consensus.
by
Dorothy Hinchcliff
Adjusting stock and bond holdings based on moves made by
professional money managers diminished portfolio risk by half while increasing
returns over a three-year period, a study finds.
As the stock market shows signs of recovery and fears of increasedinflation mount, older investors and retirees who turned to fixedannuities are looking elsewhere.
by
Jeff Schlegel
Fidelity Investments says it has broadened its transition program for
breakaway brokers with a tool designed to help wirehouse brokers gauge
the financial impact of going independent.
by
Jeff Schlegel
An amendment to a broad U.S. House bill aimed at financial services
reform could ratchet up the audit costs for small independent
broker-dealers, says an industry trade group.
Wealth management is more than giving holistic financial advice. For investors holding multiple accounts, it also involvesdelivering a holistic client account statements.
Converting a traditional IRA to a Roth IRA makes
sense for many older people who want to create a tax-free legacy for
heirs.
